Can I retire at age 70 with 1,140,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$94,140$93,302$92,483$91,685$90,905$88,101
2 years$46,604$45,736$44,895$44,079$43,288$40,488
3 years$30,761$29,889$29,050$28,242$27,464$24,755
4 years$22,841$21,972$21,141$20,347$19,587$16,990
5 years$18,090$17,226$16,406$15,628$14,890$12,412
6 years$14,924$14,066$13,259$12,498$11,782$9,425
7 years$12,663$11,813$11,018$10,275$9,582$7,346
8 years$10,968$10,126$9,344$8,620$7,949$5,833
9 years$9,651$8,816$8,048$7,342$6,694$4,696
10 years$8,597$7,771$7,017$6,329$5,704$3,820
11 years$7,736$6,918$6,177$5,508$4,906$3,133
12 years$7,019$6,209$5,482$4,831$4,251$2,586
13 years$6,413$5,612$4,898$4,265$3,707$2,145
14 years$5,893$5,101$4,401$3,786$3,250$1,787
15 years$5,444$4,660$3,973$3,377$2,861$1,494
16 years$5,051$4,275$3,602$3,023$2,529$1,252
17 years$4,704$3,937$3,278$2,717$2,242$1,052
18 years$4,397$3,638$2,992$2,448$1,994$886
19 years$4,122$3,372$2,739$2,212$1,777$747
20 years$3,874$3,133$2,514$2,004$1,587$630
21 years$3,651$2,918$2,313$1,818$1,420$533
22 years$3,448$2,724$2,131$1,653$1,273$451
23 years$3,264$2,548$1,968$1,506$1,143$382
24 years$3,094$2,387$1,820$1,373$1,027$323
25 years$2,939$2,240$1,686$1,254$924$274
26 years$2,796$2,106$1,563$1,147$833$232
27 years$2,664$1,982$1,452$1,050$751$197
28 years$2,541$1,867$1,350$962$677$167
29 years$2,427$1,762$1,256$882$612$142
30 years$2,321$1,664$1,170$809$553$121
31 years$2,221$1,573$1,091$743$500$103
32 years$2,129$1,488$1,018$683$452$87
33 years$2,042$1,409$950$628$409$74
34 years$1,960$1,336$888$578$370$63
35 years$1,883$1,267$830$532$335$53
36 years$1,811$1,202$776$490$304$45
37 years$1,742$1,142$727$451$275$39
38 years$1,678$1,085$681$416$250$33
39 years$1,616$1,032$638$384$226$28
40 years$1,559$982$598$354$205$24
41 years$1,504$935$560$327$186$20
42 years$1,451$890$526$301$169$17
43 years$1,402$848$493$278$153$15
44 years$1,354$808$463$257$139$12
45 years$1,309$771$435$237$126$11
46 years$1,267$735$408$219$115$9
47 years$1,226$702$384$202$104$8
48 years$1,186$670$360$187$95$6
49 years$1,149$640$339$173$86$6
50 years$1,113$611$319$160$78$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,140,000, adding $5,759 every year, while hoping to spend $24,459 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 50/34/16 Blend
69$1,140,000$1,140,000$1,140,000$1,140,000
70$1,262,220$1,201,800$1,184,130$1,319,492
71$1,364,943$1,234,664$1,197,775$1,392,403
72$1,477,323$1,268,319$1,211,056$1,468,584
73$1,600,320$1,302,777$1,223,937$1,550,837
74$1,734,991$1,338,051$1,236,377$1,639,743
75$1,882,499$1,374,155$1,248,334$1,735,939
76$2,044,124$1,411,099$1,259,764$1,840,129
77$2,221,278$1,448,896$1,270,619$1,953,086
78$2,415,514$1,487,557$1,280,851$2,075,663
79$2,628,544$1,527,095$1,290,407$2,208,799
80$2,862,252$1,567,519$1,299,232$2,353,526
81$3,118,715$1,608,841$1,307,269$2,510,983
82$3,400,219$1,651,069$1,314,458$2,682,423
83$3,709,284$1,694,214$1,320,734$2,869,227
84$4,048,683$1,738,283$1,326,032$3,072,917
85$4,421,475$1,783,285$1,330,280$3,295,167
86$4,831,026$1,829,226$1,333,404$3,537,825
87$5,281,045$1,876,113$1,335,328$3,802,922
88$5,775,621$1,923,951$1,335,971$4,092,699
89$6,319,254$1,972,744$1,335,245$4,409,625
90$6,916,904$2,022,496$1,333,063$4,756,419
91$7,574,038$2,073,208$1,329,330$5,136,077
92$8,296,675$2,124,880$1,323,947$5,551,900
93$9,091,448$2,177,512$1,316,812$6,007,527
94$9,965,667$2,231,100$1,307,816$6,506,965
95$10,927,383$2,285,642$1,296,846$7,054,632
96$11,985,468$2,341,131$1,283,783$7,655,393
97$13,149,698$2,397,559$1,268,502$8,314,613
98$14,430,844$2,454,915$1,250,873$9,038,200
99$15,840,772$2,513,188$1,230,759$9,832,666
100$17,392,560$2,572,363$1,208,019$10,705,189